We re-publish an article from the BDC Credit Reporter about the sorry state of a BDC portfolio company held by half a dozen players.
The BDC Reporter annotates the earnings conference call of investor favorite Main Street Capital and reviews such topics as the outlook for earnings and distributions, credit quality and more.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
BDC sector prices rose sharply on day two of 2022. One BDC announced a new investment but few details and another amended – in its favor – 4 debt facilities.
BDC prices dropped for the third time in four days. We also discuss a new transaction booked by one BDC and an analyst’s rating of a large cap BDC.
The major indices had a rip roaring day but the BDC sector only moved up marginally. There was little news to report except a special dividend from a new BDC and a new deal announcement.
BDc sector prices climb ever closer to their 52 week high, but are not there yet. Also, a mid sized BDC offers up a preview of its key metrics and a larger player describes recent transactions booked. Finally, we continue to have website problems which we’re actively working on.
The major indices suffer a major one day hit on Tuesday, but the BDC sector is less impacted. Also, two important developments occur where BDC unsecured debt is concerned, both coming and going.
The main indices had a hard time rebounding from Monday’s big down day, but not so the BDC sector. Also, a popular mid-sized BDC reports on two significant realized gains and – in breaking news – one public BDC is set to acquire a private player.
The first day of the business week did not go well for the BDC sector. We discuss the details. Also, we review new investments by a popular BDC; new unsecured debt planned by a venture-debt behemoth and new equity raised by a pint sized player.
BDC sector prices – and almost every stock – dropped with all the major indices on Tuesday. Otherwise, a popular BDC announced several new investments and the leading BDC received a shareholder nod.
The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
BDC sector prices continue to slip…A medium sized BDC taps the unsecured debt market for a surprisingly large amount and another BDC offers a preview of investment activity.
Main Street Capital provides some basic information about a new transaction with a portfolio company. The BDC Reporter fills in many of the blanks of what seems like a very successful and long standing investment.
BDC stock prices failed to reach a new high but there were multiple other developments, including a major debt financing and a successful portfolio exit, to discuss.
